PHOENIX TAX & BUSINESS SERVICES LIMITED

Company Registration Number:
06837503 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

PHOENIX TAX & BUSINESS SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

PHOENIX TAX & BUSINESS SERVICES LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,636 1,842
Total fixed assets: 1,636 1,842
Current assets
Debtors:   2,116 164
Cash at bank and in hand: 3,358 30,606
Total current assets: 5,474 30,770
Creditors: amounts falling due within one year:   (6,748) (22,236)
Net current assets (liabilities): (1,274) 8,534
Total assets less current liabilities: 362 10,376
Creditors: amounts falling due after more than one year:     (10,088)
Provision for liabilities: (310) (349)
Total net assets (liabilities): 52 (61)
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 42 (71)
Shareholders funds: 52 (61)

The notes form part of these financial statements

PHOENIX TAX & BUSINESS SERVICES LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 February 2024
and signed on behalf of the board by:

Name: C P Marlow
Status: Director

The notes form part of these financial statements

PHOENIX TAX & BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents sales of services and is recognised when the company obtains the right to consideration.

Tangible fixed assets and depreciation policy

Depreciation is provided at the annual rate of 25% on the reducing balance in order to write off each asset over its estimated useful life.

Other accounting policies

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

PHOENIX TAX & BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

PHOENIX TAX & BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 7,379
Additions 340
At 31 May 2023 7,719
Depreciation
At 01 June 2022 5,537
Charge for year 546
At 31 May 2023 6,083
Net book value
At 31 May 2023 1,636
At 31 May 2022 1,842